Who is Entitled to Know When a Trust is Being Changed
A person who creates a trust names the beneficiaries who can receive income and assets paid by the trust, as well as those persons or charities who would be entitled…
In Uncertain Times, a Plan Can Create Certainty
After a really challenging year of natural events (tornadoes, fires, hurricanes) and now Coronavirus, it’s hitting home for a lot of people just how unpredictable life can be. Now is…
Recap of State and Federal Coronavirus Stimulus Laws
The following is a recap of summaries of the various federal and Mississippi provisions for relief from the financial effects of the COVID-19 virus pandemic. FEDERAL RELIEF Families First Law…
When a Trust Doesn’t Count for Medicaid Eligibility
Donna came in to talk about how to pay for her mother’s nursing home care, specifically Medicaid eligibility. She was concerned that her mother, Evelyn, had been named beneficiary of…
Plan For Your Health Care Decision-Making
The law presumes that every adult is competent to make his or her own health-care decisions, and that no one has authority to make such decisions for the individual unless…
More Older Americans Rely on Medicare and Medicaid
Retirement in America is growing less secure, physically and financially, given the omnipresent threat and cost of serious illness or disease. Why it matters: Qualifying for Medicare does not guarantee…
New Tax Saving Benefits to Paying Charities from IRAs
The IRS is giving charitable donors a significant benefit in not paying taxes on distributions from IRAs. Making a charitable contribution to a charity directly from an IRA can benefit…
New SECURE Act Changes Retirement Planning
On December 20, 2019 Congress passed the “Setting Every Community Up for Retirement Enhancement Act” (the SECURE Act) as part of the $1.7 trillion spending legislation that took effect January…
How You Can Lose (or Gain) Land by Adverse Possession
Over the years, we have counseled many clients who owned portions of “family land” that adjoined lands owned by other family members or neighbors. In many cases, the formal boundaries…
2020 Social Security COLA Expected to be 1.6%
The unofficial estimate would represent the smallest increase in benefits in three years It looks like Social Security benefits will increase by about 1.6% in 2020, more than a full…